they have to rescue it, otherwise it collapses.
thanx BB.
thanx BB.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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No it was averaged down, but I also average up once the move is under way. I don't advocate averaging down unless you really understand how markets and price behaves and have developed a system to achieve that, otherwise it's suicide. You really have to be confident of the reversal. Averaging up buying every break of peaks and selling every break of troughs works just as well, you just want to catch the wave as soon as possible to benefit from it.
trendy at 71-72........... =) come to pa pa....
be ready for yesterdays probability destruction then reversal...
or in other words 'headfake'
be ready for yesterdays probability destruction then reversal...
or in other words 'headfake'
Thanks for clarifying it, that's what I thought. And also thanks for pointing out the risk of reverse pyramiding, not everyone might have caught that. Mathematically, you want your largest portion on first, then scale in on smaller and smaller units 10, 8, 6, 4 etc....then again, the math behind it doesn't know what the market is doing (and what your experience tells you) at the time you put the trade on.
at trendy =)............woo
Getting in late here...overslept...runny nose and sore throat.
At 12:52 ET, short at 1475.50
At 1:08 ET, covered short at 1468.75 for +6.75
At 1:19 ET, short at 1471.75
BS 1473.75 (2 points)
PT1 1466
PT2 1445
Moved BS to breakeven
So far, ES is running right down the price channel as charted by Spectre, textbook.
At 12:52 ET, short at 1475.50
At 1:08 ET, covered short at 1468.75 for +6.75
At 1:19 ET, short at 1471.75
BS 1473.75 (2 points)
PT1 1466
PT2 1445
Moved BS to breakeven
So far, ES is running right down the price channel as charted by Spectre, textbook.
good over.. a break of 72.. breaks 80 and higher to 92..or so.
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